News

A Bitcoin "mine" has been discovered during a raid on an industrial unit in Sandwell. West Midlands Police revealed that when executing a drugs warrant at a Black Country industrial unit, it uncovered a cryptocurrency ‘mine’ that was stealing thousands of pounds worth of electricity from

Interpath Advisory – formerly KPMG’s UK restructuring practice - has appointed Phil Popham, former CEO of Lotus Cars and Sunseeker International as special advisor to the business, while Suren Thadani joins as managing director. Mr Popham will work as part of Interpat

Edinburgh-based accountancy firm Steedman has added to its expertise in the blockchain and digital asset sphere by becoming a member of industry trade body CryptoUK. These moves will enable Steedman to contribute to the development of fit-for-purpose regulatory frameworks and to access and liai

Sir Jon Thompson, chief executive of the Financial Reporting Council (FRC) has admitted that the financial regulator was "asleep at the wheel" during corporate failures. In an interview with the Financial Times, Sir Jon admitted that the regulator had failed to do its job during a series of corporat

Perth-based insurance giant Aviva has posted its highest general insurance sales for a decade and hailed record performance in its savings and retirement arm. Savings and retirement sales soared by 23% to £6.2 billion in the first quarter of this year, with net inflows of cash up 31%, as the c

The Financial Conduct Authority (FCA) has implemented a package of remedies to prevent insurance companies from issuing loyalty penalties to customers.  The move is an attempt to improve competition and ensure renewal quotes for home and motor insurance consumers are not more expensiv

Aberdeenshire-based pipeline technology specialist STATS (UK) Ltd delivered revenues of £42.5 million and recorded EBITDA earnings of £6.5m despite the challenges of Covid-19. According to the firm's latest annual accounts, revenues increased by £3.4m (up from £39.1m) while e

Business confidence in Scotland rose six points during May to 15%, the highest reading since February 2020, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies in Scotland reported higher confidence in their own business prospects month-on-month, up five po

According to Savills latest report on the Glasgow office market, Glasgow recorded 63,388 sq ft of take-up, a 49% increase from Q4 2020, with a further 170,000 sq ft of office space under offer.

More than £700,000 is being lost to bank transfer scams every day, new Which? research has revealed as the consumer champion calls for stronger protections to fix an unfair and inconsistent industry approach to reimbursement that currently results in less than half of losses being returned to

Glasgow-based fashion outlet developer, FASHION HOUSE Group has officially opened its doors to a €25 million new outlet centre in the east of Bucharest, the group’s second outlet centre in Romania’s capital.

M&G Wealth, which has £28 billion of assets under management, is to deliver a new hybrid robo-adviser service that will be run by humans but “underpinned by digital technology”. The firm, which is a spin-out from Prudential, has appointed Ignition Advice to develop the “l

Young entrepreneurs in Scotland are being encouraged to sign up for the fully-funded business growth programme, IMPACT30. The programme offers bespoke support from industry specialists and forms part of the Northern Innovation Hub, a project led by Highlands and Islands Enterprise (HIE), with £

Tourism organisations will be able to apply for Scottish Government funding to promote key visitor destinations in a responsible and sustainable way, helping the sector to recover from the coronavirus pandemic. Administered by VisitScotland, the £3 million Destination and Sector Marketing Fund

A former US diplomat has launched a $1.8 million lawsuit against the US government and former secretary of state Mike Pompeo over an unpaid legal bill arising from the impeachment of Donald Trump in 2019. Gordon Sondland was sacked as US ambassador to the European Union two days after testifying at